www.insideHALTON.com | OAKVILLE BEAVER | Thursday, August 21, 2014 | 16 Understanding all the factors to become an informed investor continued from p.15 tion such as purchases or sales within the mutual fund. For example, there is difference in cost between the bid and ask for most security trades. The seller asks the higher price and the buyer offers a lower price. A trade that is to be done to accommodate the need for immediate action usually accepts the negotiated market offer. While the cost is low, it does add up over the course of a year. Also, if a fund is gradually buying or selling a stock, the normal pressure of supply and demand will push that stock price up or down from what the buyer or seller would hope to achieve. This is particularly true with larger mutual funds that buy and sell large quantities of each security where the result can be they are moving the market price during the period of trading activity. Security lending Security lending is not understood by most investors, but it does happen. A mutual fund owning a security may elect to lend that security and receive revenue to the fund for doing so, which is reported in the fund's annual financial report. It is an extra source of revenue for the investor. When a fund holds cash, the investment returns can be reduced. For example, if a fund can make a higher return from investing in stocks over time then holding cash, by say six per cent, hurts the return. For every five per cent that is held in cash, the drag on the return is close to one-third of one per cent annually. The final consideration is non-taxable accounts, such as a Registered Retirement Savings Plan. Depending on how a particular fund is registered, it can pay foreign taxes that are not deductible from Canadian taxes All of these expenses affect the performance return of your mutual fund. Understanding all investment factors, including fees and expenses of mutual funds, can increase your ability to be an informed investor and help you make better investment decisions. -- Submitted by Peter Watson, MBA, CFP , R.F .P ., CIM, FCSI., Certified Financial Planner THE F FASTEST ASTEST GROWING B BRAND RAND I IN NC CANADA ANADA Over the last 1 12 2 months in the non-luxury segment.º CHOOSE FROM Check out some of the reasons why Nissan is MY NISSAN $ BONUS CASH WORRY 1 750 OR FREE LEASE 4 PAYMENTS OR ON US 2 SEMI-MONTHLY ADDED SECURITY PLAN 3 NO CHARGE VALUE UP TO $1,850 On top of select lease and finance offers* 2014 NISSAN PATHFINDER $ Platinum model shown LEASE FROM 193 2.9 AT SEMI-MONTHLY APR ON PATHFINDER 0 4X2 % FOR 60 MONTHS FREIGHT AND FEES INCLUDED · BEST-IN-CLASS FUEL ECONOMY · BEST-IN-CLASS INTERIOR PASSENGER VOLUME · 2014 PATHFINDER HYBRID NOW AVAILABLE 2014 ALL-NEW NISSAN ROGUE $ 135 2.99 AT SEMI-MONTHLY ON ROGUE S FWD WORRY FREE LEASE FROM # % APR FOR 60 MONTHS FREIGHT AND FEES INCLUDED STANDARD FEATURES INCLUDE: · BETTER FUEL ECONOMY (HWY) THAN ESCAPE, RAV4 AND CR-V X · AVAILABLE INTUITIVE ALL-WHEEL DRIVE · HIGHEST RESALE VALUE ^ SMALL SUV SL A AWD WD Premium model shown with Accessory Roof Rail Crossbars 2014 NISSAN TITAN 0 FINANCING % APR ± PLUS FOR UP TO 84 MONTHS UP TO $ 6,000 IN CASH DISCOUNTS · 5.6L DOHC V8 ENGINE WITH 317-HP & 385 LB-FT TORQUE · UP TO 9,500 LBS TOWING CAPABILITY · STANDARD FACTORY APPLIED SPRAY-ON BEDLINER *Offer available to all qualified retail customers who lease or finance (and take delivery) of a new 2014 Versa Note/Sentra/Altima/Rogue/Pathfinder/Titan models on approved credit, through Nissan Canada Finance from a participating Nissan retailer in Canada between Aug.1-Sept. 2, 2014. Not available for cash purchase buyers. 1$750 Bonus Cash applicable to customers who lease or finance any new 2014 Versa Note/Sentra/Altima/Rogue/Pathfinder/Titan models through Nissan Canada Finance on approved credit on units in stock. The $750 additional Cash Bonus consists of $750 NCF cash and will be deducted from the negotiated selling price before taxes. Offer available for qualified customers only. Offer available from Aug.1-Sept. 2, 2014 inclusively. Offer not available for cash purchase buyers. Conditions apply. Qualifying customers must be approved to lease or finance through Nissan Canada Finance. 2First four (4) semi-monthly lease payments and first four (4) bi-weekly finance payments of a new 2014 Versa Note/Sentra/Altima/Rogue/Pathfinder/Titan (including all taxes) will be waived, up to a maximum of $750/$750/$900/$900/$1,200/$1,200 for the 2 months or 4 semi-monthly/bi-weekly payments. Consumer is responsible for any and all amounts in excess of $750/$750/$900/$900/$1,200/$1,200 (inclusive of taxes). After four (4) semi-monthly/bi-weekly payments, consumer will be required to make all remaining regularly scheduled payments over the remaining term of the contract. This offer is applicable to NCF contracts only. This offer cannot be combined with any other offer. 3No charge extended warranty is valid for up to 60 months or 100,000 km (whichever occurs first) from the warranty start date and zero (0) kilometers. Some conditions/limitations apply. The no charge extended warranty is the Nissan Added Security Plan ("ASP") and is administered by Nissan Canada Extended Services Inc. ("NCESI"). In all provinces NCESI is the obligor. NCESI offers a Gold and Platinum level of coverage. This offer includes the Gold level of coverage, be sure to see your local Dealer to identify the difference in coverage from a Gold to the Platinum level. Retail value of added security plan based on MSRP $1,715/$1,440/$1,655/ $1,850 for a new 2014 Pathfinder/(2014 Rogue S/SV FWD, CVT transmission, (Y6RG14 AA00/Y6SG14 AA00/ Y6SG14 NV00)/2014 Rogue AWD models)/2014 Titan models. Dealers are free to set individual prices. CASH DISCOUNT: Get $6,000/$4,000 stackable cash discount on the purchase of a 2014 KC, SV 4X4 SWB (3KCG74 AA00)/any new 2014 Titan (except 2014 Titan KC, SV 4X4 SWB (3KCG74 AA00). The cash discount is based on stackable trading dollars when registered and delivered between Aug.1-Sept. 2, 2014 with sub-vented finance rates only. The cash discount, will be deducted from the negotiated selling price before taxes. This offer cannot be combined with any other offer. Conditions apply. Representative semi-monthly lease offer based on new 2014 Rogue S FWD (Y6RG14 AA00), CVT transmission/2014 Pathfinder S 4X2 (5XRG14 AA00), CVT transmission. 2.99%/2.9% lease APR for a 60/60 month term equals 120/120 semi-monthly payments of $135/$193 with $0/$0 down payment, and $0/$0 security deposit. First semi-monthly payment, down payment and $0 security deposit are due at lease inception. Prices and payments include freight and fees. Lease based on a maximum of 20,000 km/year with excess charged at $0.10/km. Total lease obligation is $16,186/$23,163. $500/$500 NCF Lease Cash included in advertised price, applicable only on 2014 Rogue S FWD (Y6RG14 AA00), CVT transmission/2014 Pathfinder Platinum 4x4 (5XEG14 AA00), CVT Transmission through subvented lease through Nissan Canada Finance. ±Representative finance offer based on new 2014 Titan KC SV 4X4 SWB (3KCG74 AA00). Selling Price is $37,742 financed at 0% APR equals 182 bi-weekly payments of $207 for an 84-month term. $0 down payment required. Cost of borrowing is $0 for a total obligation of $37,742. This offer cannot be combined with any other offer. Conditions apply. $6,000 NCI Incentive cash included in payment. Models shown $35,228/$46,758/$53,892 Selling price for a new 2014 Rogue SL AWD Premium model (Y6DG14 BK00), CVT transmission/2014 Pathfinder Platnium 4x4 (5XEG14 AA00), CVT Transmission/2014 Titan Crew Cab SL (3CFG74 AA00). ± Freight and PDE charges ($1,630/$1,560/$1,610), air-conditioning levy ($100) where applicable, applicable fees (all which may vary by region), manufacturer's rebate and dealer participation where applicable are included. License, registration, insurance and applicable taxes are extra. Lease offers are available on approved credit through Nissan Canada Finance for a limited time, may change without notice and cannot be combined with any other offers except stackable trading dollars. Retailers are free to set individual prices. Dealer order/trade may be necessary. Vehicles and accessories are for illustration purposes only. Offers, prices and features subject to change without notice. Offers valid between Aug.1-Sept. 2, 2014. #Offer is administered by Nissan Canada Extended Services Inc. (NCESI) and applies to new 2014 Nissan Rogue models (each, an "Eligible Model") leased and registered through Nissan Canada Finance Services Inc., on approved credit, between Aug.1-Sept. 2, 2014 from an authorized Nissan retailer in Canada. Offer recipient will be entitled to receive a maximum of six (6) service visits (each, a "Service Visit") for the Eligible Vehicle where each Service Visit consists of one (1) oil change (using conventional 5W30 motor oil) and one (1) tire rotation service (each, an "Eligible Service"). All Eligible Services will be conducted in strict accordance with the Oil Change and Tire Rotation Plan outline in the Agreement Booklet for the Eligible Vehicle. The service period ("Service Period") will commence on the lease transaction date ("Transaction Date") and will expire on the earlier of: (i) the date on which the maximum number of Service Visits has been reached; (ii) 36 months from the Transaction Date; or (ii) when the Eligible Vehicle has reached 48,000 kilometers. All Eligible Services must be completed during the Service Period, otherwise they will be forfeited. The Offer may be upgraded to use premium oil at the recipient's expense. The Eligible Services are not designed to meet all requirements and specifications necessary to maintain the Eligible Vehicle. To see the complete list of maintenance necessary, please refer to the Service Maintenance Guide. Any additional services required are not covered by the Offer and are the sole responsibility and cost of the recipient. Offer may not be redeemed for cash and may not be combined with certain offers NCESI reserves the right to amend or terminate this offer, in whole or in part, at any time without prior notice. Additional conditions and limitations apply. Ask your retailer for details. °Nissan is the fastest growing brand in the non-luxury segment based on comparison of 12-month retail sales from July 2013 to June 2014 of all Canadian automotive brands and 12-month averages sales growth. ^Based on 2014 Canadian Residual Value Award in Subcompact Car segment. ALG is the industry benchmark for residual values and depreciation data, www.alg.com. X All information compiled from third-party sources including manufacturer websites. Not responsible for errors in data on third party websites. July 30, 2014. Ward's Large Cross/Utility segment. MY14 Pathfinder vs. 2013 Large Cross/Utility Class. 2014 Pathfinder S 2WD with CVT transmission fuel consumption estimate is 10.5L/100 KM CITY | 7.7L/100 KM HWY | 9.3L/100 KM combined. Actual mileage will vary with driving conditions. Use for comparison purposes only. Based on 2012 EnerGuide Fuel Consumption Guide ratings published by Natural Resources Canada. Government of Canada test methods used. Your actual fuel consumption will vary based on powertrain, driving habits and other factors. 2014 Pathfinder Platinum model shown. Ward's Large Cross/Utility Market Segmentation. MY14 Pathfinder vs. 2014 Large Cross/Utility Class. Offers subject to change, continuation or cancellation without notice. Offers have no cash alternative value. See your participating Nissan retailer for complete details. ©1998-2014 Nissan Canada Inc. and Nissan Financial Services Inc. a division of Nissan Canada Inc. HURRY, OFFERS END SEPTEMBER 2 Crew Cab SL model shown ND FIND YOUR ADVANTAGE AT CHOOSENISSAN.CA OR YOUR LOCAL RETAILER OAKVILLE NISSAN 2316 South Service Road West, Oakville, ON Tel: (905) 827-1177